Foxconn Just Dumped Its EV Factory But Says It’s Not Done With Electric Cars

Foxconn Just Dumped Its EV Factory But Says It’s Not Done With Electric Cars

Foxconn sold Lordstown Motors’ former factory and all EV machinery in a $375M deal. The site was initially meant to build the Lordstown Endurance and Fisker Ocean EVs. Despite the sale, Foxconn insists it remains committed to EV production in North America. Three years ago, a former GM factory in Ohio seemed poised for a dramatic comeback. Foxconn, the Taiwanese electronics giant best known for assembling iPhones, purchased the site from Lordsto…

Foxconn Sells Lordstown Plant But Expands US Electric Vehicle Production - Get World Wide Update with Hourly Prime News

In a move that has garnered significant attention within the automotive and technology industries, Foxconn, the Taiwanese electronics manufacturing giant, has announced the sale of its Lordstown plant for $88 million. Despite parting ways with this manufacturing facility, the company is not stepping back from its commitment to electric vehicle (EV) production in the United States. Instead, it signifies a strategic realignment aimed at optimizing…